Abstract
Subject South Korea's economy and economic policy in early 2016. Significance South Korea's economy grew more slowly in 2015 than in the previous five years. With legislative elections due in April, President Park Geun-hye's government faces judgment on its failure to return the economy to its long-term trend rate. Impacts Divisions in the opposition camp will prevent economic problems doing serious damage to the governing party in coming legislative elections. Any electoral impact is likelier to be seen further ahead, in 2017's presidential election. Geopolitical tension on the Korean peninsula is unlikely to damage South Korea's economy in the medium term.
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